NERC Proposes Meter Repayment Plan for Customers

The Nigerian Electricity Regulatory Commission (NERC) introduced a regulation allowing electricity customers to repay self-financed meter acquisitions via energy credits over five years.

Under the draft 2017 meter asset providers regulations, distribution companies must source 40 percent of their meter needs from licensed local manufacturers.

Customers receive authorization from distribution licensees specifying the meter installation cost after premises inspection, followed by payment to meter asset providers.

Meter asset providers must install meters within 21 working days after payment and distribute ownership to distribution companies, with repayment terms capped at five years.

The Nigerian Electricity Regulatory Commission (NERC) allows electricity customers to repay self-financed meter purchases using energy credits over five years through the proposed meter regulation.

Distribution companies must source 40 percent of their meter requirements from licensed local manufacturers under the draft 2017 meter asset providers regulations.

Customers pay the full meter cost to licensed meter asset providers after receiving authorization from distribution licensees following premises inspection.

Meter asset providers install meters within 21 working days post-payment and transfer ownership to distribution companies with repayment terms limited to five years.